Can I still complete the purchase of a probate property if the original bidder dies before closing?: North Carolina guidance

Can I still complete the purchase of a probate property if the original bidder dies before closing? – North Carolina Short Answer Yes—under North Carolina law, a judicial sale is not final until it is confirmed by the Clerk of Superior Court. If the high bidder dies before closing, that bidder’s personal representative can usually…

Do proceeds need to flow through the estate bank account or can I have checks cut directly to the trust and beneficiaries?: Clear guidance for North Carolina executors

Do proceeds need to flow through the estate bank account or can I have checks cut directly to the trust and beneficiaries? – North Carolina Short Answer In North Carolina, money from probate assets typically should be deposited into the estate’s fiduciary bank account and disbursed from that account after paying valid claims and expenses.…

How do I obtain and file satisfactions of claim from creditors to finalize the estate?: North Carolina

How do I obtain and file satisfactions of claim from creditors to finalize the estate? – North Carolina Short Answer In North Carolina, the executor gathers and reviews creditor claims after publishing and mailing the required notice, pays valid claims in the statutory order, and obtains written proof each claim is satisfied (paid-in-full letter, zero-balance…